The Louisiana State Employees Retirement System is analyzing its investments with a firm that is under investigation in several states for an alleged kickback scheme.
LASERS currently has about $125 million invested with Aldus Equity Partners, says Robyn Eckings, a spokeswoman for the system.
Law enforcement officials in several states are investigating Aldus, and the state of New Mexico has taken away its investments, the Wall Street Journal reports.
LASERS has its money in two private equity funds which Aldus controls, including about $70 million with Louisiana private investments,
Eckings says LASERS is closely monitoring the situation.